News

All the latest news about ChainLink Coin

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Hyphen Chainlink Node Expands Its Data Offering

The Chainlink team announced via Twitter on Thursday that Hyphen is expanding its data offering.

 Hassan Maishera

EMDX Integrates Chainlink Price Feeds On Avalanche

DeFi decentralized exchange, EMDX, announced via a Medium post on Thursday that it has integrated Chainlink Price Feeds on the Avalanche mainnet.

 Hassan Maishera

Canoe Finance Integrates Chainlink Price Feeds On Polygon

Canoe Finance announced via a Medium post on Thursday that it has integrated Chainlink Price Feeds on the Polygon mainnet.

 Hassan Maishera

Trade

Find the exchange with the lowest fees, best methods for depositing or your geographical area and start trading ChainLink Coin

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PrimeXBT

4.5 based on 3713 votes

FTX

4.44 based on 1466 votes

ByBit

4.41 based on 4376 votes

Spend

Want to leave your cash at home? These cards support ChainLink Coin.

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Crypto.com Visa Card

3.46 based on 650 votes

Binance Card

3.3 based on 332 votes

Coinbase Card

3.06 based on 181 votes

Shop

So you've made a little ChainLink Coin and now you want to spend it? These are the places to do it!

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BC.Game

5 based on 2 votes

VPS2DAY.com

4.86 based on 7 votes

NOWPayments

4.36 based on 90 votes

Hodl

Find the wallet that suit your security, ease of use and anonymity needs for ChainLink Coin.

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YouHodler

4 based on 15 votes

Ledger Nano S

3.75 based on 176 votes

Ledger Nano X

3.68 based on 34 votes

Review

Learn more about ChainLink Coin.

When investing in virtual currency, you need to do your research. We provide you with reviews of each world top cryptocurrency out there, so that you can find the best crypto coins to invest in for you. This is a review of ChainLink Coin.

ChainLink’s goal is to allow blockchains to communicate with the real world. Using a series of APIs, ChainLink is building an “Oracle” that feeds real-world information to blockchains and smart contracts.

While Ethereum has been making many technological improvements, one unresolved issue is the inability to communicate with things not on the blockchain. For example, if you wanted Ethereum to tell you the results of the most recent election, it would require someone to input that information manually. ChainLink hopes that their Oracles will eventually accomplish this task.

It can also be worth mentioning here that the international money transfer system SWIFT carried out a proof-of-concept partnership with the cryptocurrency ChainLink in June 2017. We have not however heard any information about that partnership leading to something in the future or that it is of a permanent nature.

When users want to obtain information through ChainLink, they must first submit a request contract. ChainLink uses this contract to find the appropriate Oracle to provide the information.

Each Oracle also has a reputation based on its history of integrity. Multiple Oracles’ responses are pooled together to formulate a final result, which is returned to the requestor.

ChainLink operates a 3 step process to obtain the results:

1) Oracle Selection: Users specify set requirements for how they want the result to be obtained. This is known as a service level agreement (SLA). Information in the SLA may include the minimum Oracle reputation and the number of Oracles needed.

2) Data Reporting: The ChainLink Oracles report the results of the service agreement back to the contract.

3) Result Aggregation: An aggregating contract collects the data submitted by all the Oracles. The final result is a weighted average of all Oracles’ responses. The results closest to the average earn the most fees.

Due to ChainLink’s completely decentralized nature, fraudulent data reports are possible. But, to combat this, ChainLink requires its Oracles to obtain the data from multiple off-chain sources, such as CNN Money or Nasdaq.

Finally, we have not identified any obvious pros or cons with the ChainLink Coin.

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